1992 CC MIN Aug 18 - Laserfiche WebLink

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Mr. Sigaty asked if CFD residents can juin meetings regarding CFD 89-1 to prevent downgrading. Deputy City .Attorney Biggs inquired for purpose of clarification that the removal of 2% assessment applied to all of the community facilities districts except for CFD leo. 90-1. Mayor Gonzales agreed that was the intent of his motion and the minutes should so reflect. Councilwoman Cisneros agreed. Mr. Sanders claimed the podium to ask that residents be notified of future meetings. Deputy City Attorney Biggs reminded that there is no change in authority by the action taken tonight. Mr. Sanders reiterated that some CFC encumbrances are for thirty years and others appear to go on forever. He asked the City Manager to check into this. Mr. Lewis described the debt portion of the bonds. He invited residents to the workshop. Mr. Eugene "Gene" McMeans, 2025 S. Glenwood Ave., reflected that the question on the longevity of bonds is a good question as the life of bonds can go from SB years up to 40 years. There are various programs and methods of repayment. There are those that will have fixed terms or continuous terms. All have long terms. Mr. Fulp returned to the podium to thank the Mayor and the City Council for their action on the 2% assessment. He directed that the City investigate Mello -loos practices in other cities, He indicated the cities of Moreno Valley and Grand Terrace do not have ,Mello -Boos. He .suggested that the cities do not need Mello -Roos to exist, Grand Terrace operates on its sales tax plus property tax. Mayor Gonzales asked City Council to adopt the Consent Calendar in its entirety, continuing Item 12, and by removing the 2% assessment from all of the CFU budgets, except for CFD No. 90w1. Councilmernber Cisneros so moved and the motion was seconded by Councilmember Lofy. Unanimous Grote. RESOLUTION NO. R-96-- 92- RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON CALIFORNIA, ESTABLISHING ANNUAL SPECIAL TAX FOR COMMUNITY FACILITIES DISTRICT NO. 89-1. RESOL TION NO. R-97-92 - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF C LTON, CALIFORNIA, ESTABLISHING ANNUAL SPECIAL TAX FOR COMMUNITY FACILITIES DISTRICT NO. 89-2. ORDINANCE -110. `23-92 M ORDINANCE OF THE CITY COUNCIL OF THE CITY OF (Second Reading) +COLTON, CALIFORNIA, AUTHORIZING THE LEVY OF A SPECIAL TAX IN COMMUNITY FACILITIES DISTRICT NO. 87-1. L